Replies to post #187483 on SPDR S&P 500 (SPY)

[Scripo]

Good point. I still think this a shake the tree, and can def prof from put scalps.

[USDollar]

That's a fair expectation

Quote: "I expect pullback but don't know. But I would assume after this price range where people wanted to get in not to miss the boat gets slaughtered.....I would expect a fast drop."

d50 was violated as resistance, fine, supposedly being support now, but it wasn't done methodically but in a rush and not fully, so this can be undone (see zone , see mid-jul mid-aug 15 period among others)

So after mulling over charts last night I'm looking at this d50 violation with a doubt
(this is in respect to d50 status, thus outlook for strength, but does not nullifies chances for say 197, only that chances for a counter-reversal thus bull trap are serious - daily chart)